Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Bubs Australia (BUB) signs a deal with Walmart for a major shipment of its infant formula products
  • Through the agreement, Walmart will purchase six Bubs Infant Formula products and two Aussie Bubs Toddler Formula products, which will be distributed to around 800 Walmart stores across the US
  • The shipment will contain around 85,000 tins of formula, which will fill a cargo aircraft chartered by the U.S. Government under the Fourth Operation Fly Formula Mission
  • With the new Walmart deal in hand, Bubs’ brick-and-mortar exposure in the United States will span 4800 stores across 35 states
  • Bubs Australia last traded at 56.5 cents on July 15

Bubs Australia (BUB) has signed a deal with Walmart for a major shipment of its infant formula products.

Through the agreement, Walmart will purchase a shipment of six Bubs Infant Formula products and two Aussie Bubs Toddler Formula products, which will be distributed to around 800 Walmart stores across the US.

Bubs Founder and CEO Kristy Carr said the company was “tremendously excited” to be forging a relationship with Walmart, which builds on its existing Walmart.com sales channel.

“More broadly, the addition of Walmart will increase our bricks and mortar exposure in the United States over the coming days and weeks to around 4800 stores across 35 states,” Kristy Carr said.

The shipment will contain around 85,000 tins of Bubs Infant Formula, which will fill an entire Boeing 747-400F cargo aircraft chartered by the US Government under the Fourth Operation Fly Formula Mission.

The shipment includes Bubs Supreme A2 Beta-Casein Protein, Bubs Organic Grass Fed, and Bubs Easy-digest Goat Milk Infant Formula and Follow-On Formula portfolio, which will supplement Aussie Bubs Toddler Formula products already sold online with Walmart.

The new contract follows Bubs’ deals with American grocery store giants Kroger and Albertsons as the US struggles with a nationwide shortage of formula.

The shortage was exacerbated by a contamination scare involving the US’ largest formula manufacturer, Abbott, leading to States to call on the producer of Bubs’ Australian-made infant formula to attempt to combat the situation.

Bubs Australia last traded at 56.5 cents on July 15.

BUB by the numbers
More From The Market Herald
The Market Herald Video

" Bupa UK becomes first insurance company to reimburse for OncoSil Medical’s (ASX:OSL) namesake device

Bupa UK Insurance has become the first health insurance company to provide reimbursement for OncoSil Medical's…

" Rox Resources (ASX:RXL) commences drilling at Mt Fisher

Rox Resources (ASX:RXL) commences further reverse circulation drilling at Mt Fisher gold project in the Northern…
The Market Herald Video

" Patrys (ASX:PAB) completes second engineering run for PAT-DX1

Biotech junior Patrys (ASX:PAB) has completed a second engineering run for its PAT-DX1 cancer antibody candidate…

" Ora Banda Mining (ASX:OBM) appoints Luke Creagh as new CEO

Ora Banda Mining (ASX:OBM) appoints former Northern Star Resources (ASX:NSR) COO, Luke Creagh as its new…